Food services represent catering facilities provided by food and beverage (F&B) companies, where meals are prepared away from home for delivery, dinner and takeaway. They are broadly categorized into commercial and institutional types. Commercials are several fine dining establishments, such as bars, nightclubs, fast-food restaurants and hotels, while institutional ones are identified as entities that provide meals at universities, health clinics and military camps. Food service assists in the delivery of quality dishes through supply channels, offering convenience, saving time, providing an enhanced customer experience and generating profitable revenue. As a result, these outlets find widespread applications in fast-food, limited-service, specialty dining, and full-service restaurants.
IMARC Group’s latest report entitled “India’s Food Service Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, India’s food service market is expected to exhibit a CAGR of 12 .50% during 2022-2027.
We are regularly monitoring the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Food Service Market Trends in India:
Growing demand for customized and innovative menu options designed according to consumers’ taste, budget and food preferences is mainly driving India’s food service market. In addition, the establishment of various commercial spaces, including cafes, restaurants and quick service restaurants (QSRs), is further fueling the growth of the market. Additionally, millennials’ shift in inclination towards ready-to-eat (RTE) and take-out food and beverages due to hectic work schedules and the increasing availability of healthier fast food alternatives are also catalyzing the market in Worldwide. India. Additionally, the growing popularity of e-commerce and online shopping establishments for food and beverage ordering is acting as another significant growth-inducing factor. In addition, increasing individuals’ disposable income and improving distribution channels are expected to boost India’s food service market during the forecast period.
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India Food Service Market 2022-2027 Analysis and Segmentation:
Breakdown by types of restaurants:
The competitive landscape of the industry has also been examined along with profiles of key players.
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